New Issue: Scotia sells $55.8 million buffered digital notes tied to index basket

By Wendy Van Sickle

Columbus, Ohio, Nov. 15 – Bank of Nova Scotia priced $55.8 million of 0% buffered digital notes due Dec. 13, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.

If the final basket level is greater than or equal to the initial level, the payout at maturity will be the greater of the basket return and 13.2%.

If the basket falls but finishes at or above 90% of its initial level, the payout at maturity will be par.

Otherwise, investors will lose 1.1111% for every 1% basket decline beyond 10%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Buffered digital notes
Underlying indexes:	Euro Stoxx 50 index (36%), Topix index (29%), FTSE 100 index (16%), Swiss Market index (11%), S&P/ASX 200 index (8%)
Amount:	$55,804,000
Maturity:	Dec. 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes at or above its initial level, par plus greater of basket return and 13.2%; if basket falls by up to 10%, par; otherwise, 1.1111% loss for every 1% basket decline beyond 10% buffer
Initial levels:	3,846.56 for Stoxx, 1,936.66 for Topix, 7,375.34 for FTSE, 11,120.49 for Swiss Market, 6,964.017 for S&P/ASX
Buffer level:	90% of initial level
Pricing date:	Nov. 10
Settlement date:	Nov. 18
Agent:	Scotia Capital (USA) Inc.
Fees:	1.12%
Cusip:	06417YBG3

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